The firm was more than five months late on average in filing suspicious activity reports involving wire transfers to and from foreign countries suspected of terrorism financing and other illegal money movements.
The job interviews seemed designed to bolster Wells Fargo's record of its diversity efforts rather than actually hiring women or people of color, the New York Times reported.
Two filings show that Parametric is moving beyond its current focus on separate accounts and direct indexing to subadvise strategies for Innovator ETFs.
The three advisers, based in Spokane, Washington, will operate as Panorama Wealth Management of Raymond James.
Berkshire Hathaway reported new stakes in banking giant Citigroup Inc. and in auto lender Ally Financial Inc.
After 35 years in the industry, Hays is retiring. He'll be replaced by Sol Gindi, who will also head the Wealth & Investment Management client relationship group.
A Finra arbitration panel ordered UBS to pay the clients $2.9 million in compensatory damages and $966,000 in attorneys' fees.
The four advisers will operate as Heberle Helm Ferguson Group in Monroeville, Pennsylvania.
James Iannazzo, who lost his job at Merrill after a tirade at a smoothie shop, will have the charges against him dismissed after a year under supervision.
Finra says the firm failed to report certain trades in TRACE-eligible securities.
The wirehouse's Global Wealth Management Americas group reported $12 billion in net new fee-generating assets in the first quarter.
The four advisers will operate as Resolute Private Wealth in Forest, Virginia.
Adviser ranks are falling, but the bank reports 7,800 net new client relationships and a growing thirst for alternative investments.
Annualized revenue per adviser, a key industry metric, was $1.22 million at the end of March, up 4.3% from the end of last year.
'I think in the wealth and asset management spaces internationally, we punch below our weight,' Chairman and CEO James Gorman said during the firm's conference call to discuss first-quarter earnings.
The former rep, Joseph C. DeNicola, alleged wrongful termination, defamation and unpaid compensation.
In its appeal, the firm argues that the judge was wrong and that the arbitration decision it had initially won against a client should stand.
The new team will offer investments that focus on promoting equality, expanding opportunities and improving outcomes for underrepresented or marginalized groups.
As chief strategy officer, LPL's former chief investment officer will join the executive board and report directly to Ron Carson.
The asset sale suggests Morgan Stanley won't be following some competing Wall Street firms that are migrating toward the RIA space.
